IOTA (MIOTA) is a fully-decentralized distributed ledger protocol leveraging the Internet of Things (IoT). The project's third-quarter 2024 progress report delineates its ongoing initiatives towards boosting
Web3 innovation and ecosystem growth. The IOTA network has launched an
Ethereum Virtual Machine (EVM) and a new testnet,
IOTA 2.0, both representing significant milestones in the project's ongoing development. The cryptocurrency has been included by Binance in its risk warning category along with other tokens.
Price predictions for IOTA project significant growth by 2050, potentially driven by technology integrations, partnerships, and regulatory advancements. European Union has selected the network's Web3 ID solution for its blockchain sandbox, and IOTA has completed the pre-commercial phase of the EU blockchain.
A special focus has been accorded to the tokenization of real-world assets, with the IOTA ecosystem foundation committing $10M to tokenization and trade-related start-ups. In an attempt to enhance its market reach, IOTA has established a $100M foundation in Abu Dhabi, targeting expansion in the Middle East.
IOTA's EVM has been enhanced with the integration of Stargate V2 Bridge and Blast API, and a LayerZero link-up. The EVM mainnet has also been launched, aimed at integrating real-world assets. Despite facing a temporary setback when leading crypto exchanges delisted the Shimmer token, IOTA continues to be ardent on its
innovation path.
IOTA Coin News Analytics from Wed, 14 Jun 2017 20:49:58 GMT to Fri, 18 Oct 2024 15:32:20 GMT -
Rating 8
- Innovation 9
- Information 9
- Rumor -5
